First Citizens Bank, a North Carolina-based bank, is set to acquire Silicon Valley Bank's deposits and loans following the latter's collapse in March 2023. The Federal Deposit and Insurance Corporation…
Representatives from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve will provide testimony about the failure of two major banks, Silicon Valley Bank and Signature Bank, at an…
Non-fungible tokens, or NFTs, have been a hot topic in the crypto and art worlds lately, with some NFT artworks selling for millions of dollars. NFTs are unique digital assets…
The Federal Deposit Insurance Corporation (FDIC) has requested banks interested in acquiring failed U.S. lenders, such as Silicon Valley Bank and Signature Bank, to submit their bids by March 17.…
The recent collapse of Silicon Valley Bank (SVB), a major banking institution based in California, has sent shockwaves throughout the global financial sector. While countless businesses have been directly affected…
The sudden collapse of Silicon Valley Bank (SVB) has attracted the attention of the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), who have launched investigations into…
Circle CEO and co-founder Jeremy Allaire revealed that the stablecoin issuer had been able to access its $3.3 billion in funds held with Silicon Valley Bank since March 13. Allaire…
On March 11, the financial world was rocked by the sudden collapse of two major traditional banks, Silicon Valley Bank and Signature Bank. This triggered a series of events that…
Bitcoin, the world's most popular cryptocurrency, has managed to flip the market cap of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon…
On March 10, 2023, California's financial watchdog shut down Silicon Valley Bank (SVB) following an announcement of a significant sale of assets and stocks to raise $2.25 billion in capital…